This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
After a formation of a double bottom, we can see the price crossing the two resistance levels.
Making a Gap on Thurdays Open.
DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays.
WIth these factors, the price it will probably try to close the gap or even test the new support level.
Buy LLOYDS Banking GROUP an HOLD.
No Comments, much POTENTIAL and a very good INVEST to hold
No sell, hold, and make you LUCKY to see this in your PORTFOLIO.
Talk about a 180. As soon as the JP idea is finished L for Lloyds is next, and my what a different picture. It seems as banks in the USA collapse that UK banks are set to see some serious cash inflow.
On the above 2-month chart price action has corrected over 90% from 2007 and never recovered. Until now. A number of reasons now exist to be long, including:
1) A...
The PEAD projected a Neutral outlook for $LYG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Lloyds Bank - 30d expiry- We look to Buy at 43.71 (stop at 41.98)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 43.70 now becomes support.
We look for a temporary move lower.
Support is located at 43.70 and should stem dips to this area.
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
A...
Lloyds Bank - 30d expiry - We look to Buy a break of 43.71 (stop at 41.98)
Trading has been mixed and volatile.
A bullish reverse Head and Shoulders has formed.
43.62 has been pivotal.
A break of the recent high at 43.62 should result in a further move higher.
The bias is to break to the upside.
Our outlook is bullish.
Our profit targets will be 47.88 and...
The PEAD projected a Bullish outlook for $LYG after a Negative over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
I'm not sure whether to short my whole position in LLOY, it looks like it's hit the bounds it's been following since 2015. Another drop to 20p looks quite likely, but it might bust out of this range considering the current "growth"/ mis reported inflation of the UK.
I may sell 20% at 54p and set a buy limit at 44 and 20p for 10% each.
Lloyds Bank - Short Term - We look to Buy at 50.06 (stop at 48.36)
Preferred trade is to buy on dips. Previous resistance, now becomes support at 50.00. 50 1day EMA is at 49.80. The 50% Fibonacci retracement is located at 50.18 from 44.36 to 56.00. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will...
